Dogecoin (DOGE) may still be on track to hit the long-anticipated $1 mark, according to technical projections from crypto analyst Trader Tardigrade.

The meme coin’s recent price movements appear to be aligning with a classic parabolic curve formation — a pattern that signals accelerating upward momentum with each consolidation phase.

Dogecoin enters final stage of parabolic curve setup

As depicted in the analyst’s price chart, shared on X (formerly Twitter), Dogecoin is entering the final phase of its four-stage parabolic curve, having just broken out of Base 3, a Falling Wedge that acted as a correction zone after previous rallies. This move is consistent with the parabolic curve model, which begins from a long-term bottom and progresses through Bases 1 to 4, each marked by periods of consolidation and declining volatility within downward-sloping wedges.

The red arc drawn across the chart represents Dogecoin’s projected parabolic trajectory, which currently places the meme coin’s ascent toward Base 4. Historically, this stage has preceded the steepest price rise as investors begin to respond strongly to bullish sentiment. The chart predicts a path where DOGE, currently trading above the Base 3 breakout, could reclaim higher levels and potentially surpass $1 for the first time since its inception. Notably, the projection highlights a potential surge above $1.7 by the end of the year.

> Still no $1 on the yearly chart for $DOGE

The potential move to $1 is part of a broader, well-structured formation that may lead to a major price peak. If past patterns play out as expected, a potentially historical breakout could be on the horizon.

Juxtaposing this pattern with prevailing market trends, Trader Tardigrade further suggests a brief dip to a key liquidity zone, just below $0.187, could act as a springboard, further validating the bullish thesis of a potential move to $1. However, this isn’t expected to be a short-term surge but rather part of a broader, well-structured formation that may lead to a major price peak. If past patterns play out as expected, a potentially historical breakout could be on the horizon.

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